📊 $SKY Technical Analysis & Setup
$SKY has successfully broken out of its falling wedge pattern and is currently executing a textbook retest of the horizontal demand zone as support. Momentum is building as price hovers near 0.0726, sitting right underneath the 50 EMA.
• Key Support / Demand: 0.0700, 0.0726 zone
• Resistance / Supply Targets: $0.076 followed by $0.080
• Trigger / Confirmation: Bullish rejection candle off the current support with increasing volume to clear the 50 EMA
• Risk / Invalidation: A confirmed 4h candle close back under the support zone invalidates the setup
• Market Execution: Monitor order book depth and manage risk tightly during retest phases
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #SKY #Trading
$NEAR
$SKY has successfully broken out of its falling wedge pattern and is currently executing a textbook retest of the horizontal demand zone as support. Momentum is building as price hovers near 0.0726, sitting right underneath the 50 EMA.
• Key Support / Demand: 0.0700, 0.0726 zone
• Resistance / Supply Targets: $0.076 followed by $0.080
• Trigger / Confirmation: Bullish rejection candle off the current support with increasing volume to clear the 50 EMA
• Risk / Invalidation: A confirmed 4h candle close back under the support zone invalidates the setup
• Market Execution: Monitor order book depth and manage risk tightly during retest phases
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #SKY #Trading
$NEAR